Atlantis
Business Development Corporation Subsidiary 727 Communications
Receives Confirmation from XO Communications
[March 17, 2005]
MIAMI,
Mar 17, 2005 (PRIMEZONE via COMTEX) -- Atlantis Business
Development Corporation, Inc. (ATBD) announced today
that wholly owned subsidiary 727 Communications received
acceptance and confirmation from XO Communications (http://xo.com)
for use of their services. 727 Communications will now
become a carrier provider for FOIP and VOIP services.
The contract will be signed by March 18th, 2005 and
the implementation of the service will begin during
the week of March 21st, 2005. This is the last step
for 727 Communications before it starts receiving revenue
from E-Directs' signed $2,400,000 contract.
About
Atlantis Business Development
Atlantis
Business Development Corporation, (ATBD) (http://www.atlantisbdc.com)
is currently registered as a Business Development Corporation
(BDC) and seeks out companies that are in their business
development stage and invests in these companies. It
also builds, creates, and funds its own profitable companies
to produce value to its shareholders.
About
XO Communications
XO
Communications is a leading provider of national and
local telecommunications services to businesses, large
enterprises and telecommunications companies. XO offers
a complete portfolio of services, including local and
long distance voice, dedicated Internet access, private
networking, data transport, and Web hosting services
as well as bundled voice and Internet solutions. XO
provides these services over an advanced, national facilities-based
IP network and serves more than 70 metropolitan markets
across the United States. For more information, visit
http://www.xo.com .
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: The statements
contained in this news release include certain predictions
and projections that may be considered forward-looking
statements under securities law. These statements involve
a number of important risks and uncertainties that could
cause actual results to differ materially including,
but not limited to, the performance of joint venture
partners, as well as other economic, competitive and
technological factors involving the Company's operations,
markets, services, products and prices. With respect
to Atlantis Business Development Corp. (ATBD), except
for the historical information contained herein, the
matters discussed in this news release are forward-looking
statements involving risks and uncertainties that could
cause actual results to differ materially from those
in such forward-looking statements. Potential risks
and uncertainties include, but are not limited to, ATBD's
extremely limited operating history, uncertainties related
to the Company's access to additional capital, competition
and dependence on key management.
SOURCE: Atlantis Business Development
Corporation, Inc. |
